Tucked away in the many bluestone-cobbled side streets and laneways are a host of small businesses, in particular, creative industries like design, advertising and marketing.
With the recent growth in apartment developments taking shape in the area the residential vibe, previously one of older generations is increasingly young and keen to tap into the old and new bars and eateries. It’s particularly popular with young professionals wanting a quick and easy commute to the CBD (or a brisk walk will get you there in under 30 minutes).
South Melbourne has always held a creative side. The busy mid-week work crowd have driven the coffee shop and cafe culture in the area which keeps the buzz happening until the weekend when the Market draws in visitors from all over Melbourne.
Located between the bayside Port Melbourne and Albert Park suburbs and the arts precincts of Southbank, South Melbourne taps into the galleries, bars and cafés while still offering old-school pubs and shopping strips. The vibe is friendly, leafy streets abound, and the walking convenience to the city is a big drawcard.
THE NUMBER GAME
Buying a one bedroom apartment in the area will cost around $630,000, with yield for a one bedroom rental sitting at around $550 per week.
Equally important numbers: Southern Cross Station is under 2km away. Transport is easy thanks to a choice of nearby tram routes 1, 12, 96 and 55 all offering regular service to the CBD and beyond.
Port Melbourne Beach is just a 10-minute bike ride away. And expansive Albert Park, with its 5km walking track and wide range of sporting venues, is close by.